Global Gold Prices Rebound Amid Geopolitical Tensions and US Bond Yield Decline

Key summary

On October 27, 2026, global gold prices recovered briefly as US 10-year and 30-year bond yields fell and Brent and WTI crude oil prices dropped. The price decline in oil followed high-level security talks between Saudi Defense Minister, Pakistani Army Chief, and Turkish National Intelligence Director with Iranian President Masoud Pezeshkian and Iran's Supreme National Security Council Secretary to prevent full-scale war and pressure the Houthis to stop attacks on Saudi Arabia, after US President Trump ordered the cancellation of an attack on Iran. These factors eased inflation concerns regarding energy and Fed interest rates, supporting gold prices. However, the US Dollar Index (DXY) rose for a second day to 102.0 from 101.56, while markets predict over 70% that the Fed may raise rates by 0.25% in December. The SPDR fund sold 0.86 tons of gold. Analysts note gold is testing resistance at $4,030 after a rebound; if it breaks below support at $3,960, further declines are possible. In Thailand, the opening price was -200 baht, with spot gold selling at 64,150 baht and buying at 63,950 baht. Ornamental gold sold for 64,950 baht and bought for 62,671.44 baht. The global Gold Spot price was $4,018 per ounce with an exchange rate of 33.73 baht to the dollar. Ornamental gold prices including a 800 baht craftsmanship fee are: half tael (8,813 baht), one tael (16,825 baht), two tael/50 satang (32,850 baht), one baht (64,900 baht), two baht (129,800 baht with 1,600 baht fee), five baht (324,500 baht with 4,000 baht fee), and ten baht (649,000 baht with 8,000 baht fee). Year-to-date 2026 changes show: January +12,700 baht, February +3,400 baht, March -6,400 baht, April +250 baht, May -1,450 baht, June -6,700 baht, July +850 baht, August +5,700 baht, September -3,330 baht, and October -2,450 baht. The year's high was 81,950 baht and low was 62,500 baht. Upcoming US data releases include durable goods orders for September at 19:30, CB Consumer Confidence for October at 21:00, new home sales for September, and Richmond Manufacturing Index for October.